Equinor

Equinor ASA is an integrated energy company based in Norway, engaged in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, alongside renewable energy sources such as wind and solar power. Founded in 1972 and headquartered in Stavanger, Equinor operates primarily on the Norwegian Continental Shelf and has a significant international presence in regions including North and South America, Africa, Asia, and Europe. The company's operations are structured into several segments, including Development & Production and New Energy Solutions, enabling it to manage a diverse portfolio that includes oil, natural gas, and renewable energy projects. Equinor is also involved in refining and processing activities, and it markets various energy products, including natural gas and electricity. As of the end of 2023, the company reported proven reserves of 5.2 billion barrels of oil equivalent, with a production capacity of 2.1 million barrels of oil equivalent per day.

Samuel Byrne

Vice President Operations, Renewables Americas

Sophie Hildebrand

SVP Research and Technology and CTO

Desikan Sundararajan

Managing Director and Country Manager - India

Past deals in Norway

Data Gumbo

Series C in 2022
Data Gumbo Corporation provides a blockchain-based smart contract service. It offers Data Gumbo, a Blockchain-as-a-Service platform that collects the required data, standardizes it for use by the smart contract algorithms, and executes the smart contract on a configurable schedule. The company’s solutions also include Smart Contracts that automates performance-based contracts; creates the commercial Internet; and connect companies with smart contracts. It serves oil and gas industry supply chain clients. Data Gumbo Corporation was founded in 2016 and is based in Houston, Texas with an additional office in Stavanger, Norway.

Data Gumbo

Series B in 2020
Data Gumbo Corporation provides a blockchain-based smart contract service. It offers Data Gumbo, a Blockchain-as-a-Service platform that collects the required data, standardizes it for use by the smart contract algorithms, and executes the smart contract on a configurable schedule. The company’s solutions also include Smart Contracts that automates performance-based contracts; creates the commercial Internet; and connect companies with smart contracts. It serves oil and gas industry supply chain clients. Data Gumbo Corporation was founded in 2016 and is based in Houston, Texas with an additional office in Stavanger, Norway.

Earth Science Analytics

Series B in 2020
Earth Science Analytics AS, established in 2012 and headquartered in Stavanger, Norway, specializes in developing cloud-based software solutions for the petroleum geosciences market. The company's primary product, EarthNET, is a web-based and geospatial-oriented software as a service (SaaS) platform that utilizes artificial intelligence to analyze data and predict subsurface rock and fluid properties. Additionally, Earth Science Analytics offers EarthBANK, a geo-data platform for effective data management; EarthGRAPH, a tool for data visualization; and EarthINSIGHT, a decision support tool. The company focuses on enhancing exploration success in challenging geological environments by delivering data-driven predictions that improve efficiency, precision, and cost-effectiveness for clients in the oil and gas exploration and production sector.

eSmart Systems

Venture Round in 2019
eSmart Systems AS specializes in developing intelligent software solutions for the energy sector, focusing on smart grid technologies. Founded in 2012 and headquartered in Halden, Norway, with an office in Palo Alto, California, the company leverages over 20 years of industry experience to offer cloud-based platforms that utilize the Internet of Things, Big Data, and advanced analytics. Their operational intelligence software optimizes energy investments, enhances energy efficiency, and reduces carbon footprints through informed decision-making. eSmart Systems provides a comprehensive suite of products, including connected grid solutions and tailored applications for utilities and consumers, enabling real-time data collection and analysis from various sources such as sensors and building automation systems. The company aims to improve asset management and operational efficiency for energy grid operators, ultimately lowering maintenance costs and extending the lifespan of critical infrastructure.

Data Gumbo

Series A in 2019
Data Gumbo Corporation provides a blockchain-based smart contract service. It offers Data Gumbo, a Blockchain-as-a-Service platform that collects the required data, standardizes it for use by the smart contract algorithms, and executes the smart contract on a configurable schedule. The company’s solutions also include Smart Contracts that automates performance-based contracts; creates the commercial Internet; and connect companies with smart contracts. It serves oil and gas industry supply chain clients. Data Gumbo Corporation was founded in 2016 and is based in Houston, Texas with an additional office in Stavanger, Norway.

Scatec ASA

Post in 2018
Scatec ASA is an integrated independent solar power producer based in Oslo, Norway. Founded in 2007, the company engages in various segments including Power Production, Services, and Development and Construction. Scatec ASA focuses on the design, development, financing, engineering, procurement, construction management, ownership, operation, maintenance, and asset management of solar photovoltaic power plants. With a total capacity of 1.9 GW in operation and under construction, the company has established projects in multiple countries, including Argentina, Brazil, Egypt, and South Africa. Scatec ASA aims to provide affordable and sustainable energy solutions globally, reflecting its commitment to clean energy development. The company changed its name from Scatec Solar ASA in November 2020.

Corvus Energy

Corporate Round in 2015
Corvus Energy Ltd. engages in the research, development, manufacture, and supply of energy storage solutions for marine, oil and gas, and port applications. The company offers energy storage systems for hybrid and electric propulsion. Its services include technical support, spare parts, extended warranty, recycling, field service, training, consulting, upgrades, and concierge service agreement. The company serves cruise and ferry, offshore, fishing and aquaculture, tugs and workboats, subsea, merchant, and port markets. Corvus Energy Ltd. was founded in 2009 and is headquartered in Richmond, Canada.

Verdande Technology

Venture Round in 2012
Verdande Technology formerly Volve AS develops products and services for the re-use of knowledge. There core technology is based on the principle of case based reasoning; a process of solving new problems, based on the solutions of similar past problems, and has applications across industries

Numascale

Series B in 2012
Numascale AS, founded in 2008 and based in Oslo, Norway, specializes in computer system interconnect technology that facilitates the creation of big data analytics appliances for enterprise servers. The company offers innovative products, including the NumaQ terascale in-memory analytics appliance, which supports large-scale data analytics workloads, and the NumaQ R Appliance, designed specifically for statistical programming in R. Additionally, Numascale integrates MonetDB, a column-store database that enhances database-centric analytics. The company's technology features a modular chip microarchitecture, enabling system vendors to select configurations tailored to their performance needs. Its cache coherent node controllers and on-chip switching capabilities eliminate the need for external interconnect fabric, thereby simplifying system design. Numascale operates as a subsidiary of Dolphin Group ASA, providing essential tools for scalable in-memory computing to help businesses optimize their data processing capabilities.

Opax

Series B in 2008
By using intelligent algorithms OPAX solution can understand what a video feed from a CCTV system is showing, and hence sound alarms if needed or simply register events for future forensics. OPAX solutions improve quality and lower the costs of surveillance with cutting-edge technology used and proven in demanding applications around the globe. With a military heritage and strong R&D capabilities, OPAX are able to engineer analytics software that meets the needs of challenging outdoor surveillance situ¬ations. OPAX convert passive CCTV systems to ac¬tive components of a modern security in¬frastructure, improving surveillance quality and automating labor-intensive tasks. OPAX serve the high-end security market with high-end software that reliably strengthens perimeter protection. It’s a technology shift that is transforming the security industry.

Verdande Technology

Seed Round in 2007
Verdande Technology formerly Volve AS develops products and services for the re-use of knowledge. There core technology is based on the principle of case based reasoning; a process of solving new problems, based on the solutions of similar past problems, and has applications across industries

Tampnet

Acquisition in 2001
Tampnet AS is a Norwegian company that operates the largest offshore communication network in the world, primarily in the North Sea and the Gulf of Mexico. Founded in 2001 and headquartered in Stavanger, Norway, it provides high-speed, low-latency connectivity through a network of fiber optics, offshore 4G LTE, and microwave links. The company serves over 350 offshore installations, including oil and gas platforms, floating production storage and offloading units, and exploration rigs. With additional offices in locations such as Aberdeen, Katy, Scott, Hoofddorp, Crows Nest, and Rio de Janeiro, Tampnet aims to enhance operational quality, safety, efficiency, and welfare for its clients by delivering reliable connectivity that links offshore assets to robust terrestrial networks.
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